Changes

===Roosevelt and Big Stick Diplomacy===

===Roosevelt and Big Stick Diplomacy===

Roosevelt's administration was marked by an active approach to foreign policy. He followed four basic principles: 1) promoting broadly defined American interests worldwide, 2) building American military and naval power and control over strategic points (especially the Panama canal and its approaches), 3) cooperation with the British, and 4) there was a social contract between the nation's citizens and its government, such that civilized nations had a right of intervention in cases in which such a contract had been broken. His foreign policy was well suited for the challenges of the world; he anticipated later attitudes and developments well into the 20th century and even the 21st century, as exemplified by [[John McCain]] in 2008.<ref> M. Patrick Cullinane, "Invoking Teddy: the Inspiration of John Mccain's Foreign Policy." ''Diplomacy & Statecraft'' 2008 19(4): 767-786 </ref> He combined a credible realist and internationalist approach with great attention to detail and full appreciation of the importance of diplomatic finesse.

Roosevelt's administration was marked by an active approach to foreign policy. He followed four basic principles: 1) promoting broadly defined American interests worldwide, 2) building American military and naval power and control over strategic points (especially the Panama canal and its approaches), 3) cooperation with the British, and 4) there was a social contract between the nation's citizens and its government, such that civilized nations had a right of intervention in cases in which such a contract had been broken. His foreign policy was well suited for the challenges of the world; he anticipated later attitudes and developments well into the 20th century and even the 21st century, as exemplified by [[John McCain]] in 2008.<ref> M. Patrick Cullinane, "Invoking Teddy: the Inspiration of John Mccain's Foreign Policy." ''Diplomacy & Statecraft'' 2008 19(4): 767-786 </ref> He combined a credible realist and internationalist approach with great attention to detail and full appreciation of the importance of diplomatic finesse.

The '''Roosevelt Corollary''' to the [[Monroe Doctrine]] was a substantial expansion in 1904. Roosevelt asserted the right of the United States to intervene to stabilize the economic affairs of small nations in the Caribbean and Central America if they were unable to pay their international debts and were at risk of intervention by European powers.  The new policy primarily prevented intervention by Britain and Germany, which loaned money to the countries that did not repay.  The catalyst of the new policy was Germany's aggressiveness in the Venezuela affair of 1902-03.  The intervention took the form of takeover of the customs collection, and disbursement of the funds to the debtors and claimants.  The policy was unpopular abroad.<ref>Serge Ricard, "The Roosevelt Corollary." ''Presidential Studies Quarterly'' 2006 36(1): 17-26. Issn: 0360-4918, online </ref>

The '''Roosevelt Corollary''' to the [[Monroe Doctrine]] was a substantial expansion in 1904. Roosevelt asserted the right of the United States to intervene to stabilize the economic affairs of small nations in the Caribbean and Central America if they were unable to pay their international debts and were at risk of intervention by European powers.  The new policy primarily prevented intervention by Britain and Germany, which loaned money to the countries that did not repay.  The catalyst of the new policy was Germany's aggressiveness in the Venezuela affair of 1902-03.  The intervention took the form of takeover of the customs collection, and disbursement of the funds to the debtors and claimants.  The policy was unpopular abroad.<ref>Serge Ricard, "The Roosevelt Corollary." ''Presidential Studies Quarterly'' 2006 36(1): 17-26. Issn: 0360-4918, online </ref>

Mitchener and Weidenmier (2006) show the economic benefits to the small countries.  The average debt price for countries under the US "sphere of influence" rose by 74% in response to the pronouncement and actions to make it credible.  That is, their bonds rose 74% because buyers now believed they would be repaid. The increase in financial stability reduced internal conflict because political factions could not count on winning control of the national treasury if they won a civil war. The program spurred export growth and better fiscal management, but debt settlements were driven primarily by gunboat diplomacy.<ref>Kris James Mitchener and Marc Weidenmier, "Empire, Public Goods, and the Roosevelt Corollary." ''Journal of Economic History'' 2005 65(3): 658-692. Issn: 0022-0507; online</ref>  

[[Image:Panam2.JPG|thumb|350px|Roosevelt builds the canal&mdash;and shovels dirt on Bogota, the capital of Colombia]]

 

Inspired by [[Alfred Thayer Mahan]]'s extraordinarily influential book ''The Influence of Sea Power upon History'' (1890), Roosevelt believed that American security and geopolitical power could be secured only through naval supremacy. This was particularly important in the Caribbean because of its proximity to the United States, European interest in the area, and its status as a critical juncture of trade routes. Roosevelt was able to maintain US dominance of the Caribbean without resorting to major military action.<ref> James R. Holmes, "Roosevelt's Pursuit of a Temperate Caribbean Policy." ''Naval History'' 2006 20(4): 48-53 in [[EBSCO]]</ref>

 

Roosevelt understood the strategic significance of the [[Panama Canal]], which opened up the Pacific Coast and Asia to cheap shipping, and made it possible for the Navy to move between the Atlamntic and Pacific rapidly. He negotiated for the U.S. to take control of its construction in 1904; he felt that the Canal's completion was his most important and historically significant international achievement.

In particular, Roosevelt stressed the strategic necessity of the [[Panama Canal]], which opened up the Pacific Coast and Asia to cheap shipping, and made it possible for the Navy to move rapidly between the Atlantic and Pacific oceans.

===Wilson===

===Wilson===